Protection system

Fire Protection Systems Market Expected To Grow At A CAGR Of 6.58% By 2026 | Evolution of opportunities with Carrier Global Corp., Gentex Corp.

NEW YORK, 25 November 2021 / PRNewswire / – The market size for fire protection systems is expected to grow by $ 12.66 billion from 2021 to 2026 to a 6.58% CAGR according to the latest Technavio report. Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG and Siemens AG are some of the major players in the fire protection systems market.

Attractive Opportunities in Fire Protection Systems Market by Product and Geography – Forecast and Analysis 2022-2026

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The market is fragmented, and the degree of fragmentation will accelerate over the forecast period. The the integration of smoke detectors with IoT and big data, and growing concerns of governments to prevent fire risks will offer immense opportunities for growth. However, factors such as integration of user interfaces with fire protection solutions can threaten market growth.

To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments while maintaining their positions in slow growing segments.

Fire Protection Systems Market 2022-2026: Scope

The report also covers the following areas:

Fire Protection Systems Market 2022-2026: Segmentation

2022-2026 Fire Protection Systems Market: Key Regions and Revenue Generating Segment

36% of market growth will come from APAC. China and Japan are the key markets for fire protection systems in APAC. The development of the construction industry across the globe will facilitate the growth of the APAC fire protection systems market during the forecast period.

The fire protection systems market growth from the fire detection segment has been important for income generation. The Technavio report provides an accurate prediction of the contribution of all segments to the Fire Protection Systems market size growth.

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Fire Protection Systems Market 2022-2026: Highlights

  • Market CAGR during the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the Fire Protection Systems market over the next five years

  • Estimated Fire Protection Systems Market Size and Its Contribution to Parent Market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the fire protection systems market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of the Fire Protection Systems Market vendors

Associated reports:
Fire extinguisher market –The market size for fire extinguishers is expected to grow by $ 1.54 billion and registers a CAGR of 4.94% in 2021-2025. Download a free sample now!

Fire Detection and Extinguishing Systems Market –The market size for fire detection and extinguishing systems is expected to grow by $ 5.04 billion and register a 5% CAGR during 2021-2025. Download a free sample now!

Scope of the Fire Protection Systems Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 6.58%

Market growth 2022-2026

$ 12.66 billion

Market structure

Fragmented

Annual growth (%)

5.98

Regional analysis

North America, APAC, Europe, MEA and South America

Efficient contribution to the market

36% APAC

Main consumer countries

United States, China, United Kingdom, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG and Siemens AG

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization overview

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Download a free sample now to discover the strengths deployed by companies in the fire protection systems market.

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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